Exclusive: ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.
The looming TikTok ban presents a multibillion-dollar headache for app store operators Apple and Google – as well as other ...
While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are ...
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